2001 Hobson RdFort Wayne, IN 46805

Property Details for 2001 Hobson Rd

Year built

1974

Construction

WOOD

Lot size

3.46 AC

Property size (Sq ft)

57,557 SF

Property type

Healthcare properties

Property subtype

Assisted living facilities

APN

02-08-31-428-002.000-072

APU

20831428002000072

Description

This exceptional 1.87-acre commercial development site, located at 2001 Hobson Road in Fort Wayne, Indiana (zip code 46805), presents a rare opportunity. Priced at $349,000 ($186,631/acre), this vacant land boasts a highly desirable C-2 zoning designation, allowing for a multitude of commercial uses. Situated just south of the recently constructed Dream Plaza gas station, convenience store, and strip center, the property benefits from exceptional visibility and proximity to a thriving retail corridor. The site is strategically positioned near a concentration of restaurants, medical facilities, professional offices, and financial institutions, ensuring high foot traffic and customer accessibility. All utilities are available at the site, and a curb cut is already in place, simplifying the development process. The Allen County property features a Tax ID number of 02-08-31-427-020.000-072 (Portion of Parcel). This is one of the last remaining development sites in this high-demand area, making it an ideal investment for discerning buyers seeking a prime location for their next commercial venture. Don't miss this chance to capitalize on this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $10,581,807

  6.5%

  $9,767,822

  7%

  $9,070,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,066,142

  Geo Method

  $1,303,292

• Alternative Use

  Use

  Valuation

  Residential

  $12,390,894

  Hospitality

  $11,349,993

  Educational

  $9,443,061

  Medical

  $9,767,822

  Retail

  $14,689,205

Location Insight

City

Fort Wayne

County

Allen

State

Indiana

Latitude

41.0946

Longitude

-85.0991

CBSA code

23060

CBSA name

FORT WAYNE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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